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AMD Invests $7.5 Million in TransmetaPOSTED July 9, 2007 SUNNYVALE -- Transmeta Corporation announced that AMD has invested $7.5 million in Transmeta in exchange for Transmeta preferred stock. Transmeta was founded in 1995 and used to be a competitor of AMD as a maker of low-powered computer chips for laptops and other electronic devices. However, it could not compete againt the larger AMD and Intel corporations and now focuses on licensing its technology and intellectual property. "We are very pleased that AMD has made a strategic investment in the future of Transmeta," said Les Crudele, president and chief executive officer of Transmeta. "AMD has long been a leader in the development and delivery of energy-efficient, high-performance computing technologies, standards and initiatives. Transmeta has been proud to endorse and contribute to those industry leading activities, and we look forward to continuing our collaboration with AMD on technology initiatives in the future." "Transmeta has been an innovative force in the industry
for more than a decade," said Dirk Meyer, president
and chief operating officer of AMD. "Transmeta was a key
ally in helping to bring our highly-successful AMD64 technology
to market and has supported the widespread industry adoption
of both AMD64 and AMD's HyperTransport technology. Our investment
will support Transmeta's technology development work and AMD's
efforts to leverage Transmeta's innovative energy-efficient technologies
to the benefit of AMD's customers." © Copyright SVDaily.com |
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